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Question 1 View Policies Current Attempt in Progress The balance sheet data of Larkspur Company at the end of 2020 and 2019 are shown below.
Question 1 View Policies Current Attempt in Progress The balance sheet data of Larkspur Company at the end of 2020 and 2019 are shown below. Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation equipment Land 2020 $30,300 54,900 64,600 15,000 90,000 (18,000) 70,700 $307,500 2019 $35,400 45,400 45,100 24,800 75,100 (7,900) 39,600 $257,500 Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings $64,400 15.100 -0- 30,200 189,200 8,600 $307,500 $52,000 18,000 23,000 -0- 158,100 6,400 $257,500 Land was acquired for $31.100 in exchange for common stock, par $31,100, during the year; all equipment purchased was for cash. Equipment costing $12,900 was sold for $3,000; book value of the equipment was $5,900. Cash dividends of $10,100 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g.-12,000 or in parenthesis eg. (12,000).) (a) Net Cash by operating activities. $ (b) Net Cash by investing activities. $ (c) Net Cash by financing activities. $ e Textbook and Media
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